Well not EXACTLY, but this was the closes thing I could put in a title.
I recented an email newsletter from Popular Woodworking and it has a blurb about TTI buying Milwaukee.
It include the following: “The TTI portfolio includes Ryobi, Homelite, Royal and Dirt Devil.”
And also “The company is also a private label manufacturer for Ridgid, Craftsman, Zircon, Toro, Bissell, Hoover, Fein, Senco, Bosch and Husky!”
Now it does not say what it makes for Senco, Bosch and Fein. No telling if it is full tools, sub-assemblies, or maybe just a componet.
Replies
Hopefully all they do is print the labels.
Well not EXACTLY, but this was the closes thing I could put in a title.
thanks a bunch guy....
Now that I'm off of the floor... who gets the bill for the triage unit that just left...
Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming
WOW!!! What a Ride!
Bill, What is the full name of he company you refer to as TTI so we can do some research?
Thanks.
Techtronic Industries (TTI, http://www.ttigroup.com)
Thanks. Pretty interesting article.
"TTI Group welcomes Milwaukee¯, AEG¯, DreBo¯ and their employees to our global team consisting of Ryobi¯ power tools and outdoor products, Homelite¯ consumer products and Dirt Devil¯," said Pudwill. "The TTI Group is particularly excited about the superb engineering and manufacturing expertise represented at Milwaukee¯ and AEG¯. This acquired expertise will further enhance our global ability to expand our entire product portfolio and enables us to work with Milwaukee¯'s strong dealer base in the U.S., an important distribution channel for the professional contractor. Additionally, Milwaukee¯, AEG¯ and DreBo¯ complement our Ryobi¯ brand of consumer power tools and accessories."
Founded in 1985, TTI is a leading manufacturer and supplier of home improvement and floor care products, employing over 16,000 people worldwide. TTI's global brand portfolio includes Ryobi¯ power tools, Homelite¯ and Ryobi¯ outdoor power equipment, Royal¯, Dirt Devil¯, Regina¯ and VAX¯ floor care appliances. The company has enjoyed continuous growth since its listing on the Hong Kong Stock Exchange in 1990, achieving double-digit growth for nine consecutive years. TTI is one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE All-World Hong Kong Index and the FTSE/Hang Seng Asian Cyclical Index. For more information, please visit http://www.ttigroup.com.
End user customers are primarily sophisticated professional tool users. The geographical focus has mainly been North America.
The net cash consideration for the purchase is US $626.6 million on a debt-free basis.